Welcome!

News Feed Item

The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

LONDON, Aug. 11, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

https://www.reportbuyer.com/product/1639081/The-Insurance-Industry-in-Nigeria-Key-Trends-and-Opportunities-to-2018.html

Synopsis

The report provides in-depth industry analysis, information and insights of the insurance industry in Nigeria, including:
• The Nigerian insurance industry's growth prospects by insurance segments and categories
• The competitive landscape in the Nigerian insurance industry
• The current trends and drivers of the Nigerian insurance industry
• Challenges facing the Nigerian insurance industry
• Detailed regulatory framework of the Nigerian insurance industry
• A benchmarking section on the Nigerian insurance industry in comparison to other countries in the African region

Summary

In terms of written premium value, the Nigerian insurance industry grew at a review-period CAGR of 10.0%. This was due to the strong performance of the life segment, which registered a CAGR of 22.2% during the review period. The industry is projected to grow at a CAGR of 7.5% over the forecast period. The strength in the country's economy, combined with the introduction of new laws by the Nigerian insurance regulator, is expected to contribute to the overall growth of the Nigerian insurance industry over the forecast period.

Scope

This report provides a comprehensive analysis of the insurance industry in Nigeria:
• It provides historical values for the Nigerian insurance industry for the report's 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Nigerian insurance industry, along with forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
• It profiles the top insurance companies in Nigeria, and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast industry data related to the Nigerian insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Nigerian insurance industry.
• Assess the competitive dynamics in the Nigerian insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Nigerian insurance industry and its impact on companies and the industry's future.

Key Highlights

• The growth in the insurance industry during the review period was supported by the increase in individuals' disposable income, along with a decrease in the country's inflation rate and a gradual increase in its labor force.
• The Nigerian insurance regulator introduced new accounting standards (IFRS) for the insurance industry in 2014, which was geared more towards harmonizing the entire insurance industry.
• The Nigerian government, in collaboration with the insurance regulatory body, enacted several favorable legislations. These include 100% FDI in the insurance sector, and a wide range of compulsory insurance classes.
• According to the Nigerian insurance regulator NAICOM, only 1% of the total adult population is insured. This indicates a greater scope for new insurers intending to operate and establish the insurance business.
• Most Nigerian motorists are unlicensed and uninsured, despite the motor insurance being compulsory in Nigeria.
• Poverty has been a major obstacle for the growth of the Nigerian economy, as well as the overall insurance industry.

Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Non-Life Insurance Segment
5.1 Scale and Penetration
5.1.1 Total market gross written premium
5.1.2 Premium per capita
5.1.3 Non-life insurance penetration rate
5.2 Growth
5.2.1 Gross written premium
5.2.2 Gross written premium per capita
5.3 Efficiency and Risk
5.3.1 Loss ratio
5.3.2 Combined ratio
5.3.3 Incurred losses per capita
5.3.4 Incurred losses as a percentage of GDP
6 Personal Accident and Health Insurance Segment
6.1 Scale and Penetration
6.1.1 Total market gross written premium
6.1.2 Premium per capita
6.1.3 Personal accident and health insurance penetration
6.2 Growth
6.2.1 Gross written premium
6.2.2 Gross written premium per capita
6.3 Efficiency and Risk
6.3.1 Loss ratio
6.3.2 Combined ratio
6.3.3 Incurred losses per capita
6.3.4 Incurred losses as a percentage of GDP
7 Nigerian Insurance Industry Overview
7.1 Nigerian Insurance Industry
7.2 Key Industry Trends and Drivers
7.3 Challenges
8 Industry Segmentation
8.1 Life Insurance
8.2 Non-Life Insurance
8.2.1 Property insurance
8.2.2 Motor insurance
8.2.3 Liability insurance
8.2.4 Marine, aviation and transit insurance
8.3 Personal Accident and Health Insurance
8.4 Reinsurance
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Legislation and Market Practice by Type of Insurance
9.2.1 Life insurance
9.2.2 Property insurance
9.2.3 Motor insurance
9.2.4 Marine, aviation and transit insurance
9.2.5 Personal accident and health insurance
9.3 Compulsory Insurance
9.3.1 Workmen's compensation
9.3.2 Motor third-party liability insurance
9.3.3 Builder's liability insurance
9.4 Supervision and Control
9.4.1 International Association of Insurance Supervisors (IAIS)
9.4.2 African Insurance Organization (AIO)
9.4.3 National Insurance Commission (NAICOM)
9.5 Non-Admitted Insurance Regulations
9.5.1 Overview
9.5.2 Intermediaries
9.5.3 Market practices
9.5.4 Fines and penalties
9.6 Company Registration and Operations
9.6.1 Types of insurance organization
9.6.2 Establishing a local company
9.6.3 Foreign ownership
9.6.4 Types of license
9.6.5 Capital requirements
9.6.6 Solvency margins
9.6.7 Reserve requirements
9.6.8 Investment regulations
9.6.9 Statutory return requirements
9.6.10 Fee structure
9.7 Taxation
9.7.1 Insurance premium or policy taxation
9.7.2 Withholding taxes on premium paid overseas
9.7.3 Corporate tax
9.7.4 VAT
9.7.5 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access to court
9.8.3 Alternative dispute resolution (ADR)
10 Competitive Landscape
10.1 Overview
10.2 Leading Companies
10.2.1 Leadway Assurance Co. Ltd – company overview
10.2.2 AIICO Insurance Plc – company overview
10.2.3 Custodian and Allied Insurance Plc (CAI) – company overview
10.2.4 Niger Insurance Plc – company overview
10.2.5 Unic Insurance Plc – company overview
11 Macroeconomic Indicators
11.1 GDP at constant prices (US$)
11.2 GDP at current prices (US$)
11.3 GDP per capita at current prices (US$)
11.4 Inflation Rate (Percentage)
11.5 Life Expectancy (Years)
11.6 Total Number of Households (Million)
11.7 Total Number of Internet Users (Million)
11.8 Total population (Million)
11.9 Urban and Rural Population (Percentage)
12 Appendix
12.1 Methodology
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric's Services
12.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Nigerian Insurance Overall Written Premium by Segment (NGN Billion), 2009–2013
Table 3: Nigerian Insurance Overall Written Premium by Segment (US$ Million), 2009–2013
Table 4: Nigerian Insurance Overall Written Premium by Segment (NGN Billion), 2013–2018
Table 5: Nigerian Insurance Overall Written Premium by Segment (US$ Million), 2013–2018
Table 6: Nigerian Insurance Segmentation (% Share), 2009–2018
Table 7: Nigerian Life Insurance – Written Premium (NGN Billion), 2009–2013
Table 8: Nigerian Life Insurance – Written Premium (NGN Billion), 2013–2018
Table 9: Nigerian Life Insurance – Paid Claims (NGN Billion), 2009–2013
Table 10: Nigerian Life Insurance – Paid Claims (NGN Billion), 2013–2018
Table 11: Nigerian Life Insurance – Incurred Loss (NGN Billion), 2009–2013
Table 12: Nigerian Life Insurance – Incurred Loss (NGN Billion), 2013–2018
Table 13: Nigerian Life Insurance – Loss Ratio (%), 2009–2013
Table 14: Nigerian Life Insurance – Loss Ratio (%), 2013–2018
Table 15: Nigerian Life Insurance – Combined Ratio (%), 2009–2013
Table 16: Nigerian Life Insurance – Combined Ratio (%), 2013–2018
Table 17: Nigerian Life Insurance – Total Assets (NGN Billion), 2009–2013
Table 18: Nigerian Life Insurance – Total Assets (NGN Billion), 2013–2018
Table 19: Nigerian Life Insurance – Total Investment Income (NGN Billion), 2009–2013
Table 20: Nigerian Life Insurance – Total Investment Income (NGN Billion), 2013–2018
Table 21: Nigerian Life Insurance – Retentions (NGN Billion), 2009–2013
Table 22: Nigerian Life Insurance – Retentions (NGN Billion), 2013–2018
Table 23: Nigerian Life Insurance – Investment (NGN Billion), 2009–2013
Table 24: Nigerian Non-Life Insurance – Written Premium by Category (NGN Billion), 2009–2013
Table 25: Nigerian Non-Life Insurance – Written Premium by Category (US$ Million), 2009–2013
Table 26: Nigerian Non-Life Insurance – Written Premium by Category (NGN Billion), 2013–2018
Table 27: Nigerian Non-Life Insurance – Written Premium by Category (US$ Million), 2013–2018
Table 28: Nigerian Non-Life Insurance – Paid Claims (NGN Billion), 2009–2013
Table 29: Nigerian Non-Life Insurance – Paid Claims (NGN Billion), 2013–2018
Table 30: Nigerian Non-Life Insurance – Incurred Loss (NGN Billion), 2009–2013
Table 31: Nigerian Non-Life Insurance – Incurred Loss (NGN Billion), 2013–2018
Table 32: Nigerian Non-Life Insurance – Loss Ratio (%), 2009–2013
Table 33: Nigerian Non-Life Insurance – Loss Ratio (%), 2013–2018
Table 34: Nigerian Non-Life Insurance – Combined Ratio (%), 2009–2013
Table 35: Nigerian Non-Life Insurance – Combined Ratio (%), 2013–2018
Table 36: Nigerian Non-Life Insurance – Total Assets (NGN Billion), 2009–2013
Table 37: Nigerian Non-Life Insurance – Total Assets (NGN Billion), 2013–2018
Table 38: Nigerian Non-Life Insurance – Total Investment Income (NGN Billion), 2009–2013
Table 39: Nigerian Non-Life Insurance – Total Investment Income (NGN Billion), 2013–2018
Table 40: Nigerian Non-Life Insurance – Retentions (NGN Billion), 2009–2013
Table 41: Nigerian Non-Life Insurance – Retentions (NGN Billion), 2013–2018
Table 42: Nigerian Property Insurance – Written Premium (NGN Billion), 2009–2013
Table 43: Nigerian Property Insurance – Written Premium (NGN Billion), 2013–2018
Table 44: Nigerian Motor Insurance – Written Premium (NGN Billion), 2009–2013
Table 45: Nigerian Motor Insurance – Written Premium (NGN Billion), 2013–2018
Table 46: Nigerian Liability Insurance – Written Premium (NGN Billion), 2009–2013
Table 47: Nigerian Liability Insurance – Written Premium (NGN Billion), 2013–2018
Table 48: Nigerian Marine, Aviation and Transit Insurance – Written Premium (NGN Billion), 2009–2013
Table 49: Nigerian Marine, Aviation and Transit Insurance – Written Premium (NGN Billion), 2013–2018
Table 50: Nigerian Personal Accident and Health Insurance – Written Premium (NGN Billion), 2009–2013
Table 51: Nigerian Personal Accident and Health Insurance – Paid Claims (NGN Billion), 2009–2013
Table 52: Nigerian Personal Accident and Health Insurance – Paid Claims (NGN Billion), 2013–2018
Table 53: Nigerian Personal Accident and Health Insurance – Incurred Loss (NGN Billion), 2009–2013
Table 54: Nigerian Personal Accident and Health Insurance – Incurred Loss (NGN Billion), 2013–2018
Table 55: Nigerian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 56: Nigerian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 57: Nigerian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 58: Nigerian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 59: Nigerian Personal Accident and Health Insurance – Total Assets (NGN Billion), 2009–2013
Table 60: Nigerian Personal Accident and Health Insurance – Total Assets (NGN Billion), 2013–2018
Table 61: Nigerian Personal Accident and Health Insurance – Total Investment Income (NGN Billion), 2009–2013
Table 62: Nigerian Personal Accident and Health Insurance – Total Investment Income (NGN Billion), 2013–2018
Table 63: Nigerian Personal Accident and Health Insurance – Retentions (NGN Billion), 2009–2013
Table 64: Nigerian Personal Accident and Health Insurance – Retentions (NGN Billion), 2013–2018
Table 65: Nigerian Reinsurance Ceded by Insurance Industry (NGN Billion), 2009–2013
Table 66: Nigerian Reinsurance Ceded by Insurance Industry (US$ Million), 2009–2013
Table 67: Nigerian Reinsurance Ceded by Insurance Industry (NGN Billion), 2013–2018
Table 68: Nigerian Reinsurance Ceded by Insurance Industry (US$ Million), 2013–2018
Table 69: Nigerian Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 70: Nigerian Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 71: Nigerian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 72: Nigerian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 73: Nigerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 74: Nigerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 75: Nigeria – Life Insurance Regulatory Framework
Table 76: Nigeria – Property Insurance Regulatory Framework
Table 77: Nigeria – Motor Insurance Regulatory Framework
Table 78: Nigeria – Minimum Capital Requirements
Table 79: Nigeria – Corporate Tax Rates for the Financial Year 2013
Table 80: Nigerian Group Life Insurance Market Share, 2011
Table 81: Nigerian Group Pension Insurance Market Share, 2011
Table 82: Nigerian Individual Life Insurance Market Share, 2011
Table 83: Nigerian Non-Life and Personal Accident and Health Insurance Market Share, 2011
Table 84: Leadway Assurance Co. Ltd, Main Products
Table 85: Leadway Assurance Co. Ltd, Key Employees
Table 86: AIICO Insurance Plc, Main Products
Table 87: AIICO Insurance Plc, Key Employees
Table 88: CAI, Main Products
Table 89: CAI, Key Employees
Table 90: Niger Insurance Plc, Main Products
Table 91: Niger Insurance Plc, Key Employees
Table 92: Unic Insurance Plc, Main Products
Table 93: Unic Insurance Plc, Key Employees

List of Figures
Figure 1: African Region – Economies and Population, 2011
Figure 2: African Region – Growth Trends in the Insurance Industry (%), 2007–2016
Figure 3: African Region – Total Industry Values by Segment (US$ Million), 2011
Figure 4: African Region – Life Insurance, Gross Written Premiums (%), 2007–2016
Figure 5: African Region – Life Insurance, Premium per Capita (%), 2007–2016
Figure 6: African Region – Life Insurance, Penetration Rate (%), 2011 and 2016
Figure 7: African Region – Life Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 8: African Region – Life Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 9: African Region – Life Insurance, Loss Ratio (%), 2011 and 2016
Figure 10: African Region – Life Insurance, Combined Ratios (%), 2011 and 2016
Figure 11: African Region – Life Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 12: African Region – Life Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: African Region – Non-Life Insurance, Growth Trends (%), 2007–2016
Figure 14: African Region – Non-Life Insurance, Gross Written Premiums (%), 2007–2016
Figure 15: African Region – Non-Life Insurance, Premium per Capita (%), 2007–2016
Figure 16: African Region – Non-Life Insurance, Penetration Rate, 2011 and 2016
Figure 17: African Region – Non-Life Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 18: African Region – Non-Life Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 19: African Region – Non-Life Insurance, Loss Ratios (%), 2011 and 2016
Figure 20: African Region – Non-Life Insurance, Combined Ratios (%), 2011 and 2016
Figure 21: African Region – Non-Life Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 22: African Region – Non-Life Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 23: African Region – Personal Accident and Health Insurance, Gross Written Premiums (%), 2007–2016
Figure 24: African Region – Personal Accident and Health Insurance, Premiums per Capita (US$), 2007–2016
Figure 25: African Region – Personal Accident and Health Insurance, Penetration Rate, 2011 and 2016
Figure 26: African Region – Personal Accident and Health Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 27: African Region – Personal Accident and Health Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 28: African Region – Personal Accident and Health Insurance, Loss Ratios (%), 2011 and 2016
Figure 29: African Region – Personal Accident and Health Insurance, Combined Ratios (%), 2011 and 2016
Figure 30: African Region – Personal Accident and Health Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 31: African Region – Personal Accident and Health Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 32: Nigerian Insurance Overall Written Premium by Segment (NGN Billion), 2009–2018
Figure 33: Nigerian Insurance Market Dynamics by Segment, 2009–2018
Figure 34: Nigerian Life Insurance – Written Premium (NGN Billion), 2009–2013
Figure 35: Nigerian Life Insurance – Written Premium (NGN Billion), 2013–2018
Figure 36: Nigerian Life Insurance – Paid Claims (NGN Billion), 2009–2013
Figure 37: Nigerian Life Insurance – Paid Claims (NGN Billion), 2013–2018
Figure 38: Nigerian Life Insurance – Incurred Loss (NGN Billion), 2009–2013
Figure 39: Nigerian Life Insurance – Incurred Loss (NGN Billion), 2013–2018
Figure 40: Nigerian Life Insurance – Loss Ratio (%), 2009–2013
Figure 41: Nigerian Life Insurance – Loss Ratio (%), 2013–2018
Figure 42: Nigerian Life Insurance – Combined Ratio (%), 2009–2013
Figure 43: Nigerian Life Insurance – Combined Ratio (%), 2013–2018
Figure 44: Nigerian Life Insurance – Total Assets (NGN Billion), 2009–2013
Figure 45: Nigerian Life Insurance – Total Assets (NGN Billion), 2013–2018
Figure 46: Nigerian Life Insurance – Total Investment Income (NGN Billion), 2009–2013
Figure 47: Nigerian Life Insurance – Total Investment Income (NGN Billion), 2013–2018
Figure 48: Nigerian Life Insurance – Retentions (NGN Billion), 2009–2013
Figure 49: Nigerian Life Insurance – Retentions (NGN Billion), 2013–2018
Figure 50: Nigerian Life Insurance – Investment (NGN Billion), 2009–2013
Figure 51: Nigerian Life Insurance – Penetration (%), 2009–2013
Figure 52: Nigerian Life Insurance – Premium Per-Capita (NGN), 2009–2013
Figure 53: Nigerian Non-Life Insurance – Written Premium by Category (NGN Billion), 2009–2018
Figure 54: Nigerian Non-Life Insurance – Written Premium by Category (%), 2013 and 2018
Figure 55: Nigerian Non-Life Insurance – Dynamics by Category, 2009–2018
Figure 56: Nigerian Non-Life Insurance – Paid Claims (NGN Billion), 2009–2013
Figure 57: Nigerian Non-Life Insurance – Paid Claims (NGN Billion), 2013–2018
Figure 58: Nigerian Non-Life Insurance – Incurred Loss (NGN Billion), 2009–2013
Figure 59: Nigerian Non-Life Insurance – Incurred Loss (NGN Billion), 2013–2018
Figure 60: Nigerian Non-Life Insurance – Loss Ratio (%), 2009–2013
Figure 61: Nigerian Non-Life Insurance – Loss Ratio (%), 2013–2018
Figure 62: Nigerian Non-Life Insurance – Combined Ratio (%), 2009–2013
Figure 63: Nigerian Non-Life Insurance – Combined Ratio (%), 2013–2018
Figure 64: Nigerian Non-Life Insurance – Total Assets (NGN Billion), 2009–2013
Figure 65: Nigerian Non-Life Insurance – Total Assets (NGN Billion), 2013–2018
Figure 66: Nigerian Non-Life Insurance – Total Investment Income (NGN Billion), 2009–2013
Figure 67: Nigerian Non-Life Insurance – Total Investment Income (NGN Billion), 2013–2018
Figure 68: Nigerian Non-Life Insurance – Retentions (NGN Billion), 2009–2013
Figure 69: Nigerian Non-Life Insurance – Retentions (US$ Billion), 2013–2018
Figure 70: Nigerian Non-Life Insurance – Investment (NGN Billion), 2009–2013
Figure 71: Nigerian Non-Life Insurance – Penetration (%), 2009–2013
Figure 72: Nigerian Non-Life Insurance – Premium Per Capita (NGN), 2009–2013
Figure 73: Nigerian Property Insurance – Written Premium (NGN Billion), 2009–2013
Figure 74: Nigerian Property Insurance – Written Premium (NGN Billion), 2013–2018
Figure 75: Nigerian Motor Insurance – Written Premium (NGN Billion), 2009–2013
Figure 76: Nigerian Motor Insurance – Written Premium (NGN Billion), 2013–2018
Figure 77: Nigerian Liability Insurance – Written Premium (NGN Billion), 2009–2013
Figure 78: Nigerian Liability Insurance – Written Premium (NGN Billion), 2013–2018
Figure 79: Nigerian Marine, Aviation and Transit Insurance – Written Premium (NGN Billion), 2009–2013
Figure 80: Nigerian Marine, Aviation and Transit Insurance – Written Premium (NGN Billion), 2013–2018
Figure 81: Nigerian Personal Accident and Health Insurance – Written Premium (NGN Billion), 2009–2013
Figure 82: Nigerian Personal Accident and Health Insurance – Paid Claims by Category (NGN Billion), 2009–2013
Figure 83: Nigerian Personal Accident and Health Insurance – Paid Claims (NGN Billion), 2013–2018
Figure 84: Nigerian Personal Accident and Health Insurance – Incurred Loss (NGN Billion), 2009–2013
Figure 85: Nigerian Personal Accident and Health Insurance – Incurred Loss (NGN Billion), 2013–2018
Figure 86: Nigerian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 87: Nigerian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 88: Nigerian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 89: Nigerian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 90: Nigerian Personal Accident and Health Insurance – Total Assets (NGN Billion), 2009–2013
Figure 91: Nigerian Personal Accident and Health Insurance – Total Assets (NGN Billion), 2013–2018
Figure 92: Nigerian Personal Accident and Health Insurance – Total Investment Income (NGN Billion), 2009–2013
Figure 93: Nigerian Personal Accident and Health Insurance – Total Investment Income (NGN Billion), 2013–2018
Figure 94: Nigerian Personal Accident and Health Insurance – Retentions (NGN Billion), 2009–2013
Figure 95: Nigerian Personal Accident and Health Insurance – Retentions (NGN Billion), 2013–2018
Figure 96: Nigerian Personal Accident and Health Insurance Penetration (%), 2009–2013
Figure 97: Nigerian Personal Accident and Health Insurance – Premium Per Capita (NGN), 2009–2013
Figure 98: Nigerian Reinsurance Ceded by Insurance Segment (NGN Billion), 2009–2018
Figure 99: Nigerian Reinsurance – Dynamics by Insurance Segment, 2009–2018
Figure 100: Nigerian Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 101: Nigerian Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 102: Nigerian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 103: Nigerian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 104: Nigerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 105: Nigerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 106: Nigeria – Insurance Regulatory Framework
Figure 107: Nigeria – Insurance Supervision and Control at Various Levels
Figure 108: Nigeria – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 109: Nigerian Group Life Insurance Market – Market Share 2011
Figure 110: Nigerian Group Pension Insurance Market – Market Share 2011
Figure 111: Nigerian Individual Life Insurance Market – Market Share 2011
Figure 112: Nigerian Non-Life and Personal Accident and Health Insurance Market – Market Share 2011
Figure 113: Nigerian GDP at Constant Prices (US$ Billion), 2009–2013
Figure 114: Nigerian GDP at Current Prices (US$ Billion), 2009–2013
Figure 115: Nigerian GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 116: Nigerian Inflation Rate (%), 2009–2013
Figure 117: Nigerian Life Expectancy (Number of Years), 2009–2013
Figure 118: Nigerian Total Number of Households (Million), 2009–2013
Figure 119: Nigerian Total Number of Internet Users (Million), 2009–2013
Figure 120: Nigerian Total Population (Million), 2009–2013
Figure 121: Nigerian Urban and Rural Population (%), 2009–2013


Read the full report:
The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

https://www.reportbuyer.com/product/1639081/The-Insurance-Industry-in-Nigeria-Key-Trends-and-Opportunities-to-2018.html

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...